Arab Today, arab today institute predicts 84 china economic growth
Last Updated : GMT 11:50:29
Arab Today, arab today
Arab Today, arab today

Institute predicts 8.4% China economic growth

Arab Today, arab today

Arab Today, arab today Institute predicts 8.4% China economic growth

Beijing - XINHUA

China's economy will expand at 8.4 percent this year, up from the 7.8-percent growth rate of 2012, a research institute under the country's top science academy has predicted. China, the world's second-largest economy, will see a mild pick-up in 2013 amid sluggish external demand, according to a report released on Saturday by the Center for Forecasting Science under the Chinese Academy of Sciences. Chen Xikang, deputy director of the center's academic committee, said that difficulties still loom large over China's recovery process as investment and export take up too big a proportion of the economic structure and consumption still remains weak. China's strict property curbs and economic restructuring will also affect the growth rebound, he added. On a quarterly basis, the growth rate is expected to accelerate in the first and second quarter of 2013, and gradually draw back in the middle of the year before picking up again in the fourth quarter, the report said. China's economy recorded 7.8 percent year-on-year growth last year, marking the first time that the annual increase dropped to less than 8 percent since 1999, according to data released on Jan. 18 by the National Bureau of Statistics (NBS). "The growth rate did slow last year but still remains at normal levels, which will not change the basic development pattern of China's economy in the medium-to-long term," said Zhu Baoliang, a researcher with the State Information Center, a government think-tank. In breakdown, the value-added in the country's primary, secondary and tertiary industry will grew at 4.7 percent, 8.9 percent and 8.8 percent, respectively, according to the new report. Consumption and investment will contribute 4.5 percent and 4.2 percent, respectively, to the country's economic expansion in 2013, it said. It also predicted that the combined imports and exports volume will grow by 8.5 percent year on year, with imports up 8.6 percent and exports up 8.3 percent from the previous year. Chen expects the consumer price index (CPI), a main gauge of inflation, to expand at 3.5 percent year on year in 2013, faster than last year. The country's CPI grew 2.5 percent year on year in December 2012, up from 2.0 percent in November and 1.7 percent in October, bringing the full-year increase to 2.6 percent, according to data from the NBS. Both Chen and Zhu urged government to strike a balance between a sound economic growth rate, well-implemented structural adjustment and inflation control under the condition of a stabilizing economy. They also called for a steady monetary policy to stimulate the real economy and more tax measures to cool the runaway property market.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today institute predicts 84 china economic growth Arab Today, arab today institute predicts 84 china economic growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today institute predicts 84 china economic growth Arab Today, arab today institute predicts 84 china economic growth

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 05:27 2017 Monday ,23 October

Travel plea for conjoined twins

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday